NOT LISTED FOR SALE

Estimated Value: $1,102,000 - $1,366,000

3 Beds
2 Baths
935 Sq Ft
$1,364/Sq Ft Est. Value

Last Sold March 04, 2022

Last sale price $1,050,000 $1,123 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $7,825/month

148 Days on Market

Highlights

  • Fireplace in Bathroom
  • Private Yard
  • Bungalow
  • Birney Elementary School Rated A+
  • No HOA
  • 3-minute walk to General Homer O. Eaton Jr. Parkette

About This Home

As of March 2022

Clean 2 unit in great rental area of Redondo Beach. Larger rear area for parking with 3 maybe 4 parking spots. Owner exchanging to a larger property.

Last Agent to Sell the Property

Marty Stone

BUCKINGHAM INVESTMENTS License #00416755 Listed on: 08/04/2021

Last Buyer's Agent

Tim Lesser

Keller Williams Luxury License #01168896

Keller Williams Luxury

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 3,859 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Home Design

  • 935 Sq Ft Home
  • Bungalow
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms
  • Fireplace in Bathroom

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Parking Available
  • Unassigned Parking

Utilities

  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 23 / 157
  • Tax Tract Number 503
  • Assessor Parcel Number 4162003019

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,500
  • Water Sewer Expense $600
  • New Taxes Expense $14,340
  • Operating Expense $17,040
  • Gross Income $47,400
  • Net Operating Income $30,360

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

3,859 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 600.00
  • Zoning: RBR-3
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 4162003019
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Fireplace Features: Bath
  • Price Per Square Foot: 1122.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 3859.00
  • Lot Size Acres: 0.0886

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 47400.00
  • Gross Scheduled Income: 47400.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 3859.0000 Square Feet
  • Net Operating Income: 30360.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 17040.00
  • Rent Control: Yes
  • Total Expenses: 17040.00

Tax Info

  • New Taxes Expense: 14340.00
  • Tax Block: 157
  • Tax Census Tract: 6207.01
  • Tax Lot: 23
  • Tax Tract Number: 503

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2021
Closed on
Jan 13, 2022
Sold by
Todd Barnhart Ryan
Bought by
Rising Nichola J
Seller's Agent
Marty Stone
BUCKINGHAM INVESTMENTS
Buyer's Agent
Tim Lesser
Keller Williams Luxury
List Price
$1,095,000
Sold Price
$1,050,000
Premium/Discount to List
-$45,000
-4.11%
Current Estimated Value
$1,274,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,884
Avg. Annual Appreciation
4.91%
Original Mortgage
$700,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2003
Sold by
Lambruschini Enterprises Inc
Bought by
Barnhart Ryan Todd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$354,400
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2002
Sold by
Lambruschini Hugo D
Bought by
Lambruschini Enterprise Inc

Purchase Details

Closed on
Apr 19, 2002
Sold by
Dlj Mtg Capital
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,800
Interest Rate
6.89%

Purchase Details

Closed on
Mar 27, 2002
Sold by
Federal National Mortgage Association
Bought by
Lambruschini Hugo D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,800
Interest Rate
6.89%

Purchase Details

Closed on
Nov 9, 2001
Sold by
Muhammad Abdus Sbur
Bought by
Dlj Mtg Capital Inc

Purchase Details

Closed on
May 9, 2000
Sold by
Braun Michael S
Bought by
Mulachin Realty Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
8.01%

Purchase Details

Closed on
May 2, 2000
Sold by
Mulachin Realty Group Inc
Bought by
Muhammad Abdus Sabur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
8.01%

Purchase Details

Closed on
Feb 5, 1998
Sold by
Herrick Wilma D and Hendrix Lois L
Bought by
Braun Michael S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.97%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rising Nichola J $1,050,000 Progressive Title
Barnhart Ryan Todd $443,000 Landamerica Lawyers Title Co
Lambruschini Enterprise Inc -- --
Federal National Mortgage Association -- --
Lambruschini Hugo D $326,000 Fidelity National Title Co
Dlj Mtg Capital Inc $296,741 Fidelity National Title
Mulachin Realty Group Inc $249,000 Lawyers Title
Muhammad Abdus Sabur $370,000 Lawyers Title
Braun Michael S $195,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rising Nichola J $700,000
Previous Owner Barnhart Ryan Todd $354,400
Previous Owner Lambruschini Hugo D $260,800
Previous Owner Muhammad Abdus Sabur $270,000
Previous Owner Braun Michael S $156,000
Closed Braun Michael S $19,500
Closed Barnhart Ryan Todd $88,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2022 03/04/22 Sold $1,050,000 -4.1% $1,123 / Sq Ft
12/30/2021 12/30/21 Pending -- -- --
12/30/2021 12/30/21 For Sale $1,095,000 0.0% $1,171 / Sq Ft
12/02/2021 12/02/21 Pending -- -- --
11/10/2021 11/10/21 Price Changed $1,095,000 -8.4% $1,171 / Sq Ft
11/10/2021 11/10/21 For Sale $1,195,000 +13.8% $1,278 / Sq Ft
11/04/2021 11/04/21 Off Market $1,050,000 -- --
08/04/2021 08/04/21 For Sale $1,195,000 -- $1,278 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,428 $1,114,267 $742,845 $371,422
2024 $13,428 $1,092,420 $728,280 $364,140
2023 $13,186 $1,071,000 $714,000 $357,000
2022 $7,888 $593,511 $455,520 $137,991
2021 $7,656 $581,875 $446,589 $135,286
2019 $7,428 $564,618 $433,344 $131,274
2018 $7,195 $553,548 $424,848 $128,700
2017 $7,080 $542,695 $416,518 $126,177
2016 $6,967 $532,054 $408,351 $123,703
2015 $6,848 $524,063 $402,218 $121,845
2014 $6,749 $513,799 $394,340 $119,459
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN21171589

California Regional Multiple Listing Service (CRMLS)

APN: 4162-003-019

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